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20120926
20121004
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.1%, and chevron fell 1.5%. chevron remains less than a dollar below its most recent 52 week high set last month. three of the five most actively traded exchange traded products made small gains. the nasdaq 100 tracking fund put in the biggest gain, up 0.3%. and that's tonight's "market focus." economy, earnings, election, tonight's street critique guest is mark watson of keel management. always great to see you. what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom: that's the economy. the earnings play here is pet smarlx a nice rally and gained momentum back in late may when it raised its financial outlook and this friday will be added to the s&p 500 him so what's the earnings out
by bp, exxon mobil, chevron, and shell, among others. another of its events featured guns. >> and this is the nra sponsored shooting event for legislators and for lobbyists -- free. >> there was even one offering free cigars. >> sponsored by reynolds american which is one of the biggest tobacco companies in the world and the cigar association of america. >> it sounds like lobbying. it looks like lobbying. it smells like lobbying. but alec says it's not lobbying. in fact, alec operates not as a lobby group, but as a non-profit, a charity. in its filing with the irs, alec says its mission is education which means it pays no taxes and its corporate members get a tax write-off. its legistors get a lot too. >> in wisconsin, i can't take anything of value from a lobbyist. i can't take a cup of coffee from a lobbyist. at alec, it's just the opposite. you know, you get there and you're being wined and dined by corporate interests, i can go down there, and be wined and dined for days in order to hear about their special legislation. i mean, the head of shell oil flew in on his priv
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